Ares Commercial Real Estate : Appoints Rebecca Parekh to its Board of Directors – Form 8-K
Ares Commercial Real Estate Corporation appoints Rebecca Parekh
to his board of directors
NEW YORK – December 16, 2021 – Ares Commercial Real Estate Corporation announced today that it has appointed Rebecca Parekh to its board of directors, effective immediately. Ms. Parekh’s appointment expands the board from seven to eight members, including six independent directors.
Ms. Parekh is the co-founder and chief executive officer of The Well, a range of wellness establishments. Previously, she was Chief Operating Officer at Deepak Chopra Radical Well-Being, LLC. Prior to that, Ms. Parekh spent ten years at Deutsche Bank Securities, Inc. with a focus on structured loans in various positions, including Head of the US Private Institutional Client Group and Head of Cross Product Sales. Ms. Parekh also served on the steering committee of the bank’s women’s network.
“Rebecca is an accomplished leader with significant experience in business strategy, management, organizational development and transformation, and corporate finance,” said Bill Benjamin, chairman of the board of directors of Ares Commercial Real Estate Corporation.
“On behalf of the management team, we are excited to welcome Rebecca to our board of directors,” said Bryan Donohoe, chief executive officer of Ares Commercial Real Estate Corporation. “Rebecca comes to us at an exciting time as origination activity has hit record highs. I am confident that she can advance our long-term interests and those of our shareholders as we grow as a public company and implement our strategic initiatives to add shareholder value . ”
Ms. Parekh is also an active community leader and serves as an advisor to the Tufts Friedman School of Nutrition Entrepreneurship program. She was the co-founder and executive director of the Global Foundation for Eating Disorders (GFED), a not-for-profit organization dedicated to funding medical research to advance cutting-edge care in the field. She also sits on the boards of several social impact companies and charitable foundations. Ms. Parekh holds a bachelor’s degree in biological anthropology from the University of Michigan.
About Ares Commercial Real Estate Corporation
Ares Commercial Real Estate Corporation is a specialty finance firm primarily engaged in the acquisition and investment of commercial real estate loans and related investments. Via its national direct origination platform, the company offers a wide range of flexible and reliable financing solutions for commercial property owners and operators. The company issues senior mortgage, subordinated finance, mezzanine and preferred capital with a focus on providing value-added finance for a variety of properties in liquid markets in the United States. Ares Commercial Real Estate Corporation was selected and qualified as a real estate investment trust and is externally managed by a subsidiary of Ares Management Corporation. More information is available at www.arescre.com. The content of such a website is not incorporated herein by reference and should not be construed as such.
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